Question 0

\(\begin{array}{c|c}
\text{Name} & \text{Insure amount} & \text{Actual value} & \text{Actual loss} \\
\hline
\text{Mr A} & 30,000 & 100,000 & 40,000 \\
\hline
\text{Mr B} & 40,000 & 120,000 & 50,000 \\
\hline
\text{Mr C} & 50,000 & 15,000 & 70,000 \\
\end{array}\)

If Mr A takes a fire insurance policy with average clause, his compensation will be

  • A.N15,000
  • B.N20,000
  • C.N12,000
  • D.N25, 000
  • E.
Objective

Question details

Exam body
JAMB
Subject
Commerce
Year
2015
Question no.
#0
Type
Objective

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